DAILY: China's imported iron ore prices, trade both decline

Chinese prices for imported iron ore decreased for both port stocks and seaborne cargoes on March 21, while trading activity also cooled in the portside market.

On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao dipped by Yuan 3/wmt ($0.4/wmt) from the previous day to reach Yuan 764/wmt FOT and including the 13% VAT. The same day, Mysteel SEADEX 62% Australian Fines also slipped $0.7/dmt on day to $100.9/dmt CFR Qingdao. The performance of iron ore